(06 January 2020)USD/JPY Continuation of the rebound.

Pivot
 (invalidation): 107.80
Our preference
Long positions above 107.80 with targets at 108.25 & 108.45 in extension.
Alternative scenario
Below 107.80 look for further downside with 107.60 & 107.40 as targets.
Comment
The RSI calls for a new upleg.

(By Swissquote TRADING CENTRAL)